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�0120�56� <br />ASSUMPTION RIDER <br />THIS LOAN IS NOT ASSUMABLE <br />WITHOUT THE APPROVAL OF THE <br />DEPARTMENT OF VETER.ANS AFFAIRS <br />OR ITS AUTHORIZED AGENT. <br />THIS ASSLTMPT'ION RIDER is made this 12th day of October 2012 , and is incorporated <br />into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security <br />Instrument") of the same date given by the undersigned (the "Borrower") to secwe Borrower's Note to iFREE <br />DOM DIRECT CORPORATION, A CORPORATION <br />(the "Lender") of the same date and covering the Properiy described in the Security Instrument and located at: <br />4721 CALVIN DRIVE <br />GRAND ISLAND, NE 68801 <br />[Property Address] <br />ASSUMPTION COVENANTS. In addition to the covenants and agreements made in the Security <br />Instrument, Borrower and Lender further covenant and agree as follows: <br />A. Acceleration Clause. This loan may be declared immediately due and payable upon transfer of <br />the pro�rty securing such loan to any transferee, unless the acceptability of the assumption of the loan is <br />established pwsuant to Section 3714 of Chapter 37, Title 38, United States Code. <br />B. Funding Fee Clause. A fee equal to one-half of 1 percent of the balance of this loan as of the date <br />of transfer of the properiy shall be payable at the time of transfer to the loan holder or its authorized agent, as <br />trustee for the Department of Veterans Affairs. If the assumer fails to pay this fee at the time of transfer, the <br />fee shall constitute an additional debt to that already secuted by this instrument, shall bear interest at the rale <br />herein provided, and at the option of the payee of the indebtedness hereby s�ured or any transferee thereof, <br />shall be immediately due and payable. This fee is automatically waived if the assumer is exempt under the <br />provisions of 38 U.S.C. 3729(c). <br />C. Processing Charge Clause. Upon appligation •for approval to allow assumption of this loan, a <br />processing fee may be charged by the loan holder or its authorized agent for determining the creditworthiness of <br />the assumer and subsequently revising the holder's ownership records when an approved transfer is completed. <br />The amount of this charge shall not exceed the maximum established by the Department of Veterans Affairs <br />for a loan to which Section 3714 of Chapter 37, Title 38, United States Code applies. <br />D. Indemnity Liability Assumption Clause. If this obligation is assumed, then the assumer hereby <br />agrees to assume all of the obligations of the veteran under the terms of the instruments creating and securing <br />the loan. The assumer further agrees to indemnify the Deparhnent of Veterans Affairs to the extent of any <br />claim payment arising from the guaranty or insurance of the indebtedness created by this instrument. <br />MiJLT'ISTATE ASSUMPTION RIDER—Single Family—iJNIFORM INSTRUMENT <br />MULTISTATE <br />TTEM 7550L1 <br />(042209) <br />WYLIE,F0000452197 <br />GreatDocs� <br />Pa <br />( 0�045 197 <br />,��' �' <br />